Typical target is a 2x multiple to double your investment in 5 years.I would consider reviewing some of the top commercial real estate niches that have strong histories and are expected to continue to perform well due to changing demographics, supply / demand, affordable housing, renter nation concepts, etc.   

I am getting positive vibes from JAX market with regards to demographics, growth prospects, affordability etc.

Commercial is purely driven by location, demand and demographics of an area.

But oh, so Pittsburgh.So my money's on geriatric health care dominating the industry until the pitiless demographics of this area change.So in the end, my answer to the OP's original question, which is what are the three best defined neighborhoods to look for MFs in Allegheny County, is to think up a better question.

And it looks like it is the only market that can potentially work within 2 hour driving.I like it has state government jobs and the demographics looks right.

Like Ron said, your demographic and  varies by street around here.

Due to age demographic (mostly retired renters- but that's changing quickly as word gets out) VRBO seems to generate the most booking for other owners, but in our case I'm not sure why but we get more bookings via AiRBnB, and like Julie I prefer dealing with AirBnB. 

Thank you, I will check out the demographics in those areas.

I find that the CAFR provides the very high level with demographics and trend data that are useful.Most cities also have some sort of forum where the expansion plans, new projects, and that type of thing are published or discussed.

I appreciate the desire for a passive investment :-) A few more things for your winner list: "partners" (e.g. prop manager) you trust; high quality tenants, low vacancy, sufficient reserve allocation (vacancies,roofs, regular painting and flooring), appreciating or at least neutral demographic drivers, really understand your purchase/street/block/neighborhood/city.